Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘16 | 351’6 | -4’4 | Dec ‘16 | 314’0 | +2’0 |
| Mar ‘17 | 362’0 | +1’0 | Jan ‘17 | 318’0 | -3’0 |
| May ‘17 | 368’4 | +0’6 | Feb ‘17 | 322’0 | -2’0 |
| July ‘17 | 375’4 | +0’6 | Mar ‘17 | 325’0 | -1’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jan ‘17 | 1023’6 | -4’2 | Dec ‘16 | 959’0 | -4’0 |
| Mar ‘17 | 1034’4 | -5’0 | Jan ‘17 | 954’0 | -4’0 |
| May ‘17 | 1042’4 | -5’4 | Feb ‘17 | 959’0 | -5’0 |
| July ‘17 | 1048’0 | -5’2 | Mar ‘17 | 959’0 | -5’0 |
Corn was able to claw out a slight gain while soybeans continue to lose momentum lacking export sales
Fundamental news was pretty slow today, almost feeling like holiday trading already
The ethanol production report showed a record 1.04 million barrels/day, using 109.2 million bushels
Ethanol stocks rose quite a bit to 546,000 barrels. Ethanol margins remain strong this week too
The big story is South American weather. Argentina is dry but rains are forecasted the next 2 weeks
Brazilian weather is good for the most part, any excessive heat is forecast to turn mild
Brazilian soy production estimates are increasing as well
Brazil Feb bean offers running $5/ton lower than US Jan offers into China
This shows that our export window may not be as large as years past
US weather forecasts calling for more mild temperatures in the 8-14 day forecasts